HDFC home loans EMIs set to rise as retail prime lending rate hiked by 50 bps

The country’s largest mortgage lender HDFC Ltd on Thursday announced a hike in its retail prime lending rate. This comes a day after RBI hiked the benchmark repo rate by 0.50 per cent to control inflation. HDFC has increased its Retail Prime Lending Rate (RPLR) for housing loans, on which its Adjustable Rate Home Loans (ARHL) are benchmarked, by 50 basis points, with effect from June 10, 2022, it said in a regulatory filing.

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